Energy tax credits

[steve9535]

I replaced numerous windows in my house with more energy efficient windows in 2021.  What is the amount I can claim as a tax credit for this upgrade?

[MayaD]

You may claim may claim a credit for 

(1) 10% of the cost of qualified energy efficiency improvements:

• Energy-efficient exterior windows, doors and skylights
• Roofs (metal and asphalt) and roof products
• Insulation

 

And (2) the amount of the residential energy property expenditures paid or incurred by the taxpayer during the taxable year

• Energy-efficient heating and air conditioning systems
• Water heaters (natural gas, propane or oil)
• Biomass stoves (qualified biomass fuel property expenditures paid or incurred in taxable years beginning after December 31, 2020, are now part of the residential energy efficient property credit for alternative energy equipment.)

The Credit is limited to $500